After more than 70 years in business, and under authority of a U.S. Bankruptcy court, store closing sales are in progress at all 36 Lacks Home Furnishings, Inc. stores in Texas. $40 million of top quality furniture, bedding, major appliances, televisions and home accessories will be liquidated.
Discounts from 30% to 50% are offered on all merchandise at every Lacks location. Consumers will benefit from very significant savings on Lacks’ entire stock of furniture for the bedroom, living room, dining room, kids’ room, den and home office. There are substantial price reductions on all mattress sets, home theater entertainment centers and decorative accessories, as well. In addition, all famous brand televisions and appliances, including washers, dryers, ranges, refrigerators and dishwashers are now deeply discounted.
Liquidation of all inventory and store fixtures is being managed by a joint venture composed of Hilco Merchant Resources, LLC and SB Capital Group, LLC.
Cory Lipoff, Executive Vice President and Principal at Hilco Merchant Resources stated, “This is a tremendous opportunity for home owners and apartment renters to take advantage of truly compelling discounts on a huge selection of furniture, appliances and accessories. We anticipate that today’s value conscious consumer will respond very positively to these outstanding savings on quality home furnishings from a company with a long and proud history. We expect this will be a short sale.”
About Hilco Merchant Resources, LLC
Based in Northbrook, IL, Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, operational, asset monetization and capital investment services to help retailers define and execute strategic initiatives. Hilco can acquire, co-invest in or facilitate the merger of retail operations; purchase or otherwise dispose of duplicative stores, underperforming divisions, unnecessary distribution centers, inventory, owned real estate, leases, and furniture, fixtures and equipment. Hilco also provides retail restructuring services, interim store management, loss prevention services, marketing and advertising management, merchandising management, and strategic store opening programs.
About SB Capital Group, LLC
SB Capital Group, a Schottenstein affiliate, is a leader in the field of asset recovery, rescue finance, restructuring and strategic store closing events. As equity stakeholders in businesses comprising sectors as diversified as retail enterprises, consumer products, franchising, licensing and real property, SB Capital Group leverages resources and depth of experience to provide services with applicability across a wide spectrum of industries. Recognized worldwide as a trusted partner for businesses and professionals, SB Capital Group’s participation in transactions that span the globe has solidified a reputation as one of the most creative and innovative financial service and asset realization firms in existence today. Discover more at www.sbcapitalgroup.com.
Store Closing Sales In Progress at All Lacks Home Furnishings Locations:
314 North Washington Beeville TX 78102
9510 Leopard Corpus Christi TX 78410
1019 South Highway 35 Port Lavaca TX 77979
5802 North Navarro Victoria TX 77904
1817 North Mechanic El Campo TX 77437
1818 East Main Alice TX 78332
3333 Avenue F Bay City TX 77414
3607 North Navarro Victoria TX 77901
60 Lack Lane Clute TX 77531
2020 West Anderson Lane Austin TX 78757
3901 S Padre Island Dr. Corpus Christi TX 78415
971 West San Antonio New Braunfels TX 78130
2100 S 61st @ Loop 363 Temple TX 76504
2600 SW Military Dr. San Antonio TX 78224
4001 South Lamar Austin TX 78704
113 West Borden Sinton TX 78387
8611 Perrin Beitel Road San Antonio TX 78217
2400 Veterans Blvd Del Rio TX 78840
13530 Hwy 183 North Austin TX 78750
1001 South Fort Hood Rd Killeen TX 76541
4002 Sunset Drive San Angelo TX 76904
1550 Wildcat Drive Portland TX 78374
2330 East Main Uvalde TX 78801
6838 Bandera Road Leon Valley TX 78238
2004 E 42nd Street Odessa TX 79762
5741 50th St @ Loop 289 Lubbock TX 79424
4602 Avenue Q Lubbock TX 79412
3111 Cuthbert Midland TX 79701
6381 Buffalo Gap Road Abilene TX 79606
3110 H.G. Mosley Pkwy Longview TX 75605
4800 Franklin Avenue Waco TX 76710
2501 Texas Ave. College Station TX 77840
11791 Bandera Road San Antonio TX 78250
18603 Blanco Road San Antonio TX 78258
1817 Troup Highway Tyler TX 75701
2934 S. John Redditt Dr. Lufkin TX 75904